@inbook{70afc1ba75e04c3b8f736afcf4aa3928,
title = "BRICS and Industry 4.0",
abstract = "This chapter researches the challenges and opportunities in Brazil, Russia, India, China, and South Africa (BRICS) in integrating Industry 4.0 to transform and grow their local economies. This chapter follows an academic methodology to compare and reviews the skills, policies, and strategies that developed countries have implemented successfully in preparation for Industry 4.0 and how emerging markets can learn from these. The research contribution of this chapter is in identifying and studying challenges that are specific to emerging economies (with focus on BRICS), followed by observed initiatives in BRICS countries that aim to mitigate or overcome such challenges. The changing social, political, and economic fortunes of Africa that can boost economic growth through technology and industrialisation are presented in anticipation of the emergent Industry 4.0 and the contribution of this chapter is to recognise its importance.",
keywords = "Artificial intelligence, BRICS, Digital economy, Emerging markets, Enabling policies, Fourth industrial revolution, Globalisation, Industrialisation, Social transformation",
author = "Wynand Lambrechts and Saurabh Sinha and Tshilidzi Marwala",
note = "Publisher Copyright: {\textcopyright} 2021, The Author(s), under exclusive license to Springer Nature Switzerland AG.",
year = "2021",
doi = "10.1007/978-3-030-62765-2_12",
language = "English",
series = "International Political Economy Series",
publisher = "Palgrave Macmillan",
pages = "283--322",
booktitle = "International Political Economy Series",
}
